Defi
IMF Warns Stablecoins May Trigger Currency Crises in Fixed-Rate Regimes
IMF research shows dollar stablecoins can worsen currency runs in nations with fixed exchange rates, despite improving FX access for citizens.
HTX Denies Russia Stablecoin Cooperation After U.K. Sanctions
Crypto exchange HTX rejects allegations it aided Russian ruble stablecoin A7A5, saying it refused the listing application following compliance review.
Kraken Exits LayerZero for Chainlink After Cross-Chain Security Reckoning
Kraken joins exodus to Chainlink CCIP following LayerZero's April exploit, migrating $292M in wrapped assets amid broader protocol defection
DeFi United Raises $303M to Cover Kelp DAO Hack, Pending Governance Votes
A coordinated relief effort has crossed the $300 million threshold to restore rsETH following the $290 million Kelp DAO exploit, though success depends on multiple governance approvals.